Atisreal

Greece is in urgent need of new investment in the office property market, as the shortage of quality modern buildings becomes increasingly evident, sector professionals told the 13th RED Business Forum on Tuesday in Athens.

The Bank of Greece has licensed three more bad-loan management companies, taking the number of firms with such permits to seven.

The new licenses went to Alvarez & Marshal, Resolute Asset Management and UCI (a BNP Paribas subsidiary), while sources say that the list will soon extend to eight companies, as B2kapital is in the final stage of the licensing process.